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Forward
Product Overview
Entering into a Forward Foreign Exchange contract is the simplest method for a company to ensure they can buy or sell a certain amount of currency in the future, without worrying about movement of the foreign exchange rate.
Product Benefits
- Excellent planning tool for cash flow and budgeting
- Protection against adverse movements in the spot market
- Profit margins locked in by covering currency exposure that is coming due on a future date
Product Features
- A Forward Foreign Exchange is a binding obligation to buy or sell a certain amount of foreign currency at pre-agreed rate of exchange, on or before certain date (up to range of three months)
- Determine your position at the time of contract as either a seller or buyer. HSBC will offer a competitive rate of exchange for the future, agreed date.
- A foreign exchange credit line is required
Tip : Foreign exchange rates may fluctuate anytime by any amount
